Home / Knowledge / News / Textiles & other sectors to create maximum job openings
Textiles & other sectors to create maximum job openings
29
Aug '08
The surging investments announcements by the major corporates worth of Rs. 10,50,951 crore for the first six months of 2008, is expected to generate 1,63,770 direct employment opportunities for the next three to four years, according to a report prepared by ASSOCHAM Investment Meter (AIM).

The report titled “India Inc Investing… A Mid Year Report”, brushing aside the concerns of a slowdown, capital expenditure by the corporates reflects a positive outlook with companies investing massively.

The findings of the report also reveals that sectors like textiles, IT, real estate, financial services are expected to create maximum job openings in the next few years.

“The course of the economy over the past six months shaped by whopping capex plans show signs of feel good factor among the industrialists of the economy.

The massive investments announcements in the past six months will provide a boost to the overall employment situation in the country,” Mr. Sajjan Jindal, President, ASSOCHAM said.

Click here to view more:

With the recent investment boom in the economy, Rayon Fashion Ltd with a plan to set up fabric and garment making facilities in the state of Maharashtra is expected to provide employment to around 82,000 persons by the end of this fiscal.

According to ASSOCHAM report, the IT SEZ to be set up in Jaipur by Genpact is expected to generate 30,000 employment opportunities.

With a mega integrated township coming up in the city of Chennai, Mahindra World City plans to employ around 15,000 workforce for the next five years.

Religare Finvest, announced that it would require around 10,000 personnel, which plans to open up 200 exclusive personal financial services stores.

Himalya International ltd. announced job opportunities of 6,000 persons for setting up the first agri SEZ and food park.

Having a strong manufacturing base, the state of Tamil Nadu is expected to generate maximum job opportunities in cities like Chengalpattu, Madurai, Dharampuri district.

The state of West Bengal also saw generation of employment opportunities with companies going for investments announcements in districts of Kalyani, Silgiri, Kharagpur.

Apart from that, Tier I cities of Hyderabad and Bangalore with investments announcements pouring in, is expected to offer employment opportunities in sectors such as real estate and IT.

The Associated Chambers of Commerce and Industry of India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X